Page 9 - Reliance Group

Reliance Infra Q3 results: Net loss widens to Rs 421 cr on higher expenses

Reliance Infrastructure Ltd on Friday reported widening of consolidated net loss to Rs 421.17 crore in the December quarter, due to higher expenses. It had clocked a net loss of Rs 267.46 crore in the year-ago period, the company said in an exchange filing. The company's total income, however, rose to Rs 4,717.09 crore from Rs 4,224.64 crore in the same period a year ago. Its expenses surged to Rs 5,068.71 crore from Rs 4,840.87 crore in the third quarter of the previous fiscal. Reliance Infrastructure is engaged in the business of providing engineering and construction services for power, roads, metro rail, and other infrastructure sectors.

Mukesh Ambani top placed Indian, No.2 globally in Brand Guardianship Index

Billionaire Mukesh Ambani has been ranked first among all Indians and second globally in the Brand Guardianship Index 2024 compiled by Brand Finance. The chairman and managing director of Reliance Industries Ltd overtakes the likes of Microsoft's Satya Nadella, and Google's Sundar Pichai to be ranked No.2 globally only behind Tencent's Huateng Ma. According to the publication, the Brand Guardianship Index is a global recognition of CEOs, who are building business value in a sustainable manner, by balancing the needs of all stakeholders - employees, investors, and the wider society. Tata Sons chairman N Chandrasekaran is ranked at No.5, up from No.8 in the 2023 ranking. He is followed by Anish Shah of Mahindra & Mahindra at No.6 and Infosys' Salil Parekh at No.16. In the 2023 ranking as well Ambani was placed at No.2 position globally. This year he was ranked No.1 in Brand Guardianship Index 2024 among the 'Diversified' conglomerates. Ambani was ranked ahead of global majors like

Reliance Industries Q3 results: Profit rises 9.3% to Rs 17,265 crore

The Mukesh Ambani-led conglomerate said its consolidated revenue from operations rose 3.6% to Rs 2.28 trillion

Q3FY24 earnings preview: Consumer business to boost RIL's earnings

Analysts estimate strong performance in consumer businesses to be offset by a decline in O2C earnings

Reliance, Jindal among six firms to get incentives for making electrolysers

Reliance Electrolyser Manufacturing, Jindal India and John Cockerill Greenko Hydrogen Solutions are among the six firms who have emerged as successful bidders for getting incentives to set up facilities to manufacture electrolysers, a critical component required for green hydrogen production. The bids came in response to a tender by Solar Energy Corporation of India (SECI) inviting players for setting up 1.5GW manufacturing capacity for electrolysers, as per a SECI statement. Bids for electrolysers manufacturing were invited on July 7 last year. A SECI statement issued on January 12, 2024, showed that Reliance Electrolyser Manufacturing Ltd has bagged incentives of Rs 444 crore for setting up of 300MW of manufacturing capacities for electrolysers. Similarly, John Cockerill Greenko Hydrogen Solutions Private Ltd and Jindal India Ltd have also bagged incentives of Rs 444 crore each for setting up 300 MW manufacturing capacity of electrolysers each. Ohmium Operations Pvt Ltd has bagg

Mukesh Ambani re-joins $100 bn club, wealth climbs $2.8 bn to $101.8 bn

The billionaire is the 12th-richest person in the world, ahead of L'Oreal heir Francoise Bettencourt Meyers

Reliance Industries committed to make new investments in TN: Mukesh Ambani

Reliance Industries has committed to make new investments in Tamil Nadu in the renewable energy space, said its Chairman and Managing Director, Mukesh D Ambani on Sunday. Reliance Industries would also inaugurate its state-of-the-art data centre that has been set up in partnership with Canada-based Brookfield Asset Management and US-based Digital Reality. In his virtual address at the inaugural function of the Global Investors Meet 2024 organised by the Tamil Nadu government, Ambani said, Reliance has proudly partnered in Tamil Nadu's growth over the years. Listing the company's investments in the state, he said, We have opened nearly 1,300 retail stores across the state at an investment of over Rs 25,000 crore. Jio has invested over Rs 35,000 crore in Tamil Nadu, bringing the fruits of digital revolution to 35 million subscribers in every town and village in the state." The video message was played in the presence of Union Commerce Minister Piyush Goyal, Chief Minister M K Stalin

Reliance, Disney start antitrust diligence on India media merger: Report

Reliance has appointed Indian law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has roped in AZB & Partners, the people said

Gautam Adani reclaims India's richest title from Mukesh Ambani post-verdict

Reliance Group's combined market-cap at Rs 18.97 trillion, however, is way ahead of Adani Group's Rs 15.1 trillion

RIL will never be complacent, aims for top 10 global conglomerates: Ambani

Having created businesses ranging from world's largest single-location oil refining complex to nation's largest mobile network operators in just few years, billionaire Mukesh Ambani says his group Reliance Industries Ltd will never be complacent and will grow to be among the top 10 business conglomerates of the world. Addressing employees on Reliance Family Day - the birthday of the group's founder Dhirubhai Ambani, he said Reliance is now aiming to consolidate a place among global leaders in digital data platforms and AI adoption. "Today, the domestic and global environments for business are changing very fast. There is simply no room for complacency," he said. "Reliance was never complacent in the past, and Reliance will never be complacent in future." Reliance, he said, is known for "disrupting the market through constant innovation and reinvention." Starting with a small textile manufacturing unit in Mumbai, Reliance did backward integration -- it ventured into petrochemicals .

Come rain or shine: Avaada, others up the ante against conglomerates

'You can easily multiply capacity, but the biggest challenge to do any larger project in India is availability of land, availability of evacuation, funding, and the offtake agreement'

Reliance General Insurance launches new policy for overseas treatment

Reliance General Insurance Company Ltd (RGICL) on Saturday said it has launched a new policy to make global healthcare accessible to Indians. The policy, Reliance Health Global, provides comprehensive cover not only within the borders of India but across the world, RGICL said in a statement. The policy will cover expenses for overseas treatment, including critical illnesses like cancer and bypass surgery, it added. It also encompasses travel, accommodation, and end-to-end Visa and assistance services, addressing emergencies like lost passports or emergency cash, apart from sum-insured coverage of up to USD 1 million, the company said. The new product also offers benefits ranging from air ambulance to organ donor expenses with no restrictions on room rent. "As India globalises and a lot of Indians keep travelling abroad for work or leisure it's imperative to remove their pain of buying multiple policies separately for India and overseas," Reliance General Insurance CEO Rakesh Jain

Market capitalisation of Bajaj Group tops Rs 10 trn for first time

All the five listed firms belonging to the late Rahul Bajaj-Group ended with gains amid a rally in the market

Indian refiners resume imports of Venezuelan oil, RIL seeks direct deal

But Venezuela's oil output has been volatile, limiting what it can offer for exports

Reliance Retail, Naturals Salon call off acquisition deal over valuation

Last year, Business Standard reported that Reliance Retail would foray into the salon business by acquiring a 49% stake in Naturals Salon & Spa

Insolvency and Bankruptcy Code: Personal guarantors get no SC reprieve

More than 200 petitions, including by Anil Ambani, challenged law on due process

FY24 might witness minimum 15-20% rise in corporate bond issuances

Yields on AAA rated corporate bonds fell by 7 basis points across tenures in the first week of November

Reliance Capital Q2FY24 result: Net loss at Rs 239 cr; revenue up 10%

The company's revenue from operations was up 10.29 per cent to Rs 6,392.6 crore during the quarter under review against Rs 5,795.8 crore last year

Reliance Power's loss narrows to Rs 237 cr in Q2 due to higher revenues

Reliance Power's consolidated net loss narrowed to Rs 237.76 crore in the September quarter due to higher revenues, the company said in a BSE filing on Tuesday. Its consolidated net loss stood at Rs 340.26 crore in the year-ago period, as per the filing. Total income rose to Rs 2,130.83 crore during the quarter, from Rs 1,945.14 crore last year. Reliance Power, a part of the Reliance Group, is the country's leading private sector power generation and coal resources company.

Q2 results: All-round show delivers 27.4% net profit surge for RIL

Q2 sales, PBIDT highest ever for firm; marginal miss on PAT